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Cryptologic Exchange Announces Redemption Of Outstanding Exchangeable Shares

Cryptologic Exchange Corp., a subsidiary of CryptoLogic Limited (CRYP: Quote,CRY.TO, CRP.L) announced that, as a result of the recent change in control of CryptoLogic Limited, it has called for the redemption of its outstanding Exchangeable Shares on April 10, 2012 and that CryptoLogic Callco ULC has given notice of its intent to exercise its overriding redemption call right to acquire all of the outstanding Exchangeable Shares (other than Exchangeable Shares held by CryptoLogic Limited and its affiliates).

On the Redemption Date, Callco will acquire each of these Exchangeable Shares in consideration for one ordinary share of CryptoLogic Limited for each Exchangeable Share held.

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by RTT Staff Writer

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